Publication of second climate report; shareholders given a say on the company’s climate strategy
HOLCIM have published their second climate report, including their upgraded 2030 climate targets aligned with the 1.5°C framework and validated by the Science Based Targets initiative.
Accelerating their net-zero ambition, Holcim are aiming to reach a 420kg reduction in CO2 per tonne of cementitious materials by 2030. Making progress in carbon capture utilization and storage (CCUS), the company has also committed to invest a cumulative CHF2 billion by 2030 in mature technologies to capture more than 5 million tonnes of CO2 per year.
Chief executive officer Jan Jenisch said: ‘Holcim are accelerating their climate action with upgraded net-zero targets and a clear commitment to invest CHF2 billion in CCUS technologies by 2030. We are committed to scaling up low-carbon and circular construction while making buildings more sustainable in use to build cities that work for people and the planet.’
Magali Anderson, Holcim’s chief sustainability and innovation officer, added: ‘Taking a science-driven approach to climate action, we upgraded our 2030 targets to be in line with the SBTi’s 1.5°C framework and are pushing the boundaries of innovation to be at the forefront of low-carbon and circular building. I’m encouraged by the progress we are making across our sites to accelerate the shift to net zero.’
The climate report details how Holcim are:
• Delivering against all their levers; Holcim are deploying decarbonized materials in their product formulation, adopting more alternative and renewable energy, and scaling up their low-carbon building solutions, from ECOPact to ECOPlanet.
• Driving circular construction across their business; Holcim recycled 6.8 million tonnes of construction and demolition waste into new building solutions in 2022 and are on track to exceed their 2025 target of 10 million tonnes.
• Continuing the momentum on their net-zero journey; Holcim increased their green investments by 15% in 2022 to reach CHF403 million and reduced their CO2 per net sales by 21% and commit to reduce it by more than 10% in 2023.
The climate report will be put to an advisory vote at the Holcim AGM on 4 May 2023, reflecting the company’s commitment to give its shareholders a say on the company’s climate strategy.